XRP Price Stop for Under $3, Bears Dey Reign as Bulls Dey Eye $3.05
XRP price don slip below di $3.00 pivot and e dey trade under di 100-hour SMA, wit bearish momentum wey strong because of di negative MACD crossover and RSI wey dey below 50. One descending trend line around $3.02 dey hold any recovery, while key resistance dey for $3.02, $3.05 and $3.12. If e no fit clear these levels, e fit make XRP price try support for $2.95, $2.92 and di 61.8% Fibonacci retracement near $2.88. But if e break pass $3.05, e fit show road go $3.18 and $3.25. Traders suppose watch these resistance and support levels well for short-term signals and possible volatility.
Bearish
XRP price dey stay below di 100-hour SMA and e don fail to clear one bearish trend line wen dey at $3.02, plus di technical indicators dem (MACD negative crossover, RSI <50) dey signal say di weakness still continue. Di main resistance wey dey from $3.02 to $3.12 strong well well, e mean say e fit fall further go $2.95, $2.92 and di 61.8% Fibonacci retracement near $2.88. Even though breakout pass $3.05 fit make am bounce back, di current setup dey favour sellers for short term, so overall e mean bearish for XRP trading.